ICICI Securities picks the five best mutual funds for investors to look at. The best picks are schemes that one can invest in with a long-term horizon, says ICICI Securities.
The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.
The Enforcement Directorate has arrested Jai Prakash Gandhi in connection with an alleged land acquisition compensation fraud amounting to Rs 9.27 crore related to the Bharatmala highway project in Chhattisgarh. Gandhi is accused of illegally acquiring land and fragmenting it to claim inflated compensation from NHAI.
The mutual fund industry saw an average growth of 63 per cent in assets under management in 2006
A little time spent in choosing the right fund can go a long way in deciding the final corpus from the scheme.
Impose steep exit loads on existing investors moving to direct plans, whereas moving from a direct plan to a distributor-supported plan attracts no such fee.
Mutual funds offer liquid funds and ultra short-term funds in the debt category, which are suitable for short investment periods. Ultra short-term funds were earlier known as liquid plus funds.
Debt fund managers are reassessing their strategies after the setback delivered by the Reserve Bank of India recently. While most are refraining from any knee-jerk reaction to the central bank's surprise open market operation (OMO) announcements, they are taking a re-look at the duration of their schemes. Sandeep Yadav, head of fixed income at DSP Mutual Fund, said it has trimmed the duration of some schemes, considering the hawkish stance by the RBI.
Rediff explains why the system, not the Budget, is the problem.
How many mutual funds should an investor have in his or her portfolio? Advisors generally agree that three to four mutual funds is all that you need in your portfolio. But there is something more if you need to buidl a solid MF portfolio for the long term.
HNI equity folios up 46% in the first half of FY15.
'Existing investors who have not acted so far may consider holding on to these funds with the understanding that the higher returns they expected from them may now take longer to materialise.'
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
After relentlessly selling shares for most of 2013, India's equity mutual fund managers have turned buyers in the fag-end of the year.
The case for long-term investment in gold, however, remains intact.
Experts say you may invest in small-sized funds and benefit from their nimbleness.
Those wanting to be conscious of their environment now have an investment option to consider. Socially Responsible Investing (SRI) has come to India via ABN AMRO Mutual Fund.
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
Following alterations in the tax structure, mutual fund (MF) schemes that invest in overseas securities have experienced a sharp decline in inflows. In the first five months of 2023-24 (FY24), international MF schemes have received an average monthly gross inflow of only Rs 270 crore, compared to Rs 490 crore during the same period in the previous year. This decline persists despite nearly all fund houses opening subscriptions for such schemes, with higher redemptions creating headroom for fresh investments.
Though both equity fund and stocks extend market-related returns, there are some key differences between the two. If you have similar misconceptions about equity funds and stocks, this article will demystify those misconceptions.
M Damodaran is likely to head the new market value-based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.
Investing in mutual funds is a challenging task. Here's what you must know before you start your mutual fund investments.
While Sebi's colour code will help investors, mis-selling might not reduce substantially.
Nepal's Hindu groups have sought an all-party discussion on restoring Hindu-nation status within three months.
This is the sixth mark down for the largest e-commerce marketplace of the country in as many months.
'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
After life insurance, DLF Ltd is foraying into asset management by offering local and global mutual funds through a joint venture with Prudential Financial Inc of the United States.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
India's first REMF could well present itself as an investment option soon. But remember to check out the risks and the benefits
With so much transparency, access to information and expert advice available through the internet and media -- print and electronic -- evaluating a mutual fund should be child's play. Well if that's what you think here's news for you. It is not.
The country's 44 fund houses together garnered an average Asset Under Management) of Rs 9.04 lakh crore (Rs 9.04 trillion) during the January-March quarter of 2013-14, up from Rs 8.76 lakh crore (Rs 8.76 trillion) in the previous three-month period, Crisil said attributing the data to the Association of Mutual Funds in India.
